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<br />-;,�u.,,.,;,�, � . � os9d nll enscmcnta�appu�tcmnccs, _._..
<br /> ,,;.,��;,,t�� 'i'OU�THEk7 Wl'fH a!1 the impr4vcntente�iotv or hereaftcr ce..ctcd on t�e properi, _
<br />��r•;=r��r ,, nnd fixturzs now on c�reafter a paet of the property. All replace�nents and ndditions shall also be covered by tl►tg Sccudry ,�___
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<br /> -- lnsuument. All o£�t►e foregoing ia rcfcned to ia thls Secu�ity[nserumen!ns the"Property."
<br /> Y•-����TM�= BQRRaWER COVENAN'I'S thnt Honower is lawfully seisect of the estate heneby conveyed and has the right to grant ��
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<br /> _- --- _______,-::� Euid cunvcy el�e Prop2rty and that the Prnpeny is uner+cumben:d.except for cncumbrances of record. Borrower wnirants nn
<br />---- _-= will defend generaUy tha tide to the Propecty agu�nst all clttin�s ond demunds,subject to nny encumbmnce,of r�corc�•
<br />-_���r��� THIS SECiJRITY IN5TRUMBNT combines unlform covenants for nadon�l use and nnn-uniform covennnts wfth —
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<br /> Iln�ited vnriutions by jurisdiction to Gonsdtute n uniform securlty instrument covedng real pronerty.
<br /> ��:.,.,,. �-c+. UNIFORM COVENANTS. Hoaower and Lender covenant und agree as follows:
<br />--a��?�;;t;•�x_����'�' 1. P�yment of Prind�al and Interest;Prepaymcnt end Lete Charges. Iiorrowcr shall prumptly pay when due the
<br />="�'_'-.*�"��`•�'��� principal of and interese on the debt evidenced by the Note and c�ny prepAyment and lute ch:v�es due under die Note.
<br />-----?`�-��"��'°4'��'a` 2, F�unds[or'1Hxes and Insurance. Subject to applicable law or to a written waiver by Ixnder,Borrower shall pay to
<br /> s� ''�'���ih� ' Lender an ttie day monthly payments are duo und�r�he Note,until thc Note is paid in full,a snra("Funcls")fibr:(a)yearly
<br />�::`.�. �� . ,.t�r„j.,- b earl Icasehold
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<br />--_�:,.°; taxes and assessments which may att�in priortty over this Securiry Instrument as a lien on the Property;( Y Y
<br />_ti;�y�-.,.•�,.•.:�'-��. earl hazard or ro rt insurance premiums; (d) yearly flood
<br /> , .,:.:. ,•-„�,.. payments or�'ound mnts on the Property, if any; (c) y y F P� Y
<br /> �"��.;°,, i;.>; .'' insurance prem�ums, if any: (e) yearly mortgage msurance premiums, if any; and (�any sums paynble Ay Borrowcr to __
<br />'�'�-�z t.g��;''�+r�x•�� Lender, in accordance�vith the provisions of paragraph 8, in lieu of the payment of mortgage insurance premiums. These
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<br /> �:�;��:,::�.��.�r;i-:; items are called 'Escrow Items.' Lender may,at any ume.co llec t aa d h a l d F 1 m d s in an umount not to exceed the mexunum
<br />:�:::;::: '�• �` :�•'•"� smount a lendcr f��a federnUy related mortgage loan may r�quire for Borrower's escrow uccount under die feder�l Real
<br />�'�'�•�•:�� � ' �� � Estate Settlement Pracedures Act of 1974 as amended from qme to ame, 12 U.S.C.§2601 et seq.("RFSPA°},unless another
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<br />—'''•� •� law that applies to the Funds sets a lesser amount. If so,Lender may,at siny time,collect nnd hold Funds in an acnount not to
<br /> _� � er.ceed the lesser umount. Lender may esdmate the umount of Plmds due on the basis of cur�nt datn and reasonable ��
<br /> a� esdmates af expenditures of futtue Escrow Items or othenvise in accordance with npplicable law.
<br /> '�`' `�' The Funds shall be held in an institution whose deposiu nre insured by a federnl Agency, instrumentality, or entily —
<br /> � . (including Gender,if Lender is such an institudon)or in any Fedeml Home Loan Bank. LEnder shall apply the Funds to pay �
<br /> the Escrow Items. L.ender may not charge Sonower far holding und applyin�the �nds, annually analyzin�the escrow
<br /> : ;, , account,or verifying the Escrow Items, unless L.ender pays Borrower interest on the Funds and applicable law pernuts _
<br /> Lender to rnake such a chs►rge. However,I.ender may require Borrower to pay a one-time charge for un independent neal �
<br /> estate tax reporting service us�d by Lender in connecrion with this loan,�nless applicable law provides otherwise. LTnless:tn _
<br /> agreement is made ar applicable law'r+�uires interest to be paid,I.ender shull not be required to pny Borro�ver any interest or
<br /> � earninss on the Flinds. Borrowcr and Lender may aprc in writ�if g,h Fwe�cr ch aw;n�rest�s�A�d debus t the F1mds and the
<br /> " shall give to rionower,wi[houi ci�u�gc,a��at'�c.t;:.!:.c�o�ntir.o...th- --.. . _
<br /> • <� purpose fur which each debit to the Funds wus made. The�nds are pledged as addiNonal security for all sums secured by
<br /> this Security Iasaument. —
<br /> If the �nds held bp Lender exceed the amounGs pemutted to be held by applicable lnw, Lender shall account to
<br /> "� Borco�ver for the excess Funds in accordance with the requirements of applicable law. If the amount of the Funds held by
<br /> Lender at any time is not sufficient to pay the Escrow Items�vhen due, [.ender may so notify Borrower in�vriting, and in _
<br /> • � . such case Borrower shall pay to Lender the amount necessary to make up the deficiency. Borrower sha11 muke up ehe =
<br /> . .. • deficiency in no more than twelve monthly payments,at Lender's sole discretian. __
<br /> �• Upon payment In full of all sums secured by this 5ecurity Instrument,Lender shall promptlyn f�o the B�uis doa r —
<br /> Funds held by I.ender. Yf, under paragraph 21,Lendcr shall acquire or sell the Properry, Lender,p �1
<br />' sale off the Property,shall apply auy Fwids held by Lender ut the time of acquisition or snle as a credit against the sums �.?-
<br /> securad by this Security Instn►ment. -=
<br /> ' 3. ApplIeatton of Payments. Unless applicable law provides otherwise, all payments received by Lender under ��.
<br /> �•1�' paragraphs 1 and 2 shall be npplied:first,to any pmpayment charges due under the Note;second,to amounu payable under R�-
<br /> paragraph 2;third,to interest due;fourth,to principal due:and last,to any lute charges due under the Note. �_.
<br /> Q, Charges; Liens. Borrower shall pay all taxes, assessments, charges, �nes and impositions atoributable to the ��.
<br /> propertv which may attain priority over this Security InsL-ument,and leasehold paymenu or ground rents,if any. Borrower
<br />- shall pay these obligadons in the enanner provided in paragraph 2,or if not paid in thut manner,Borrower shtill pay them on ��
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<br /> rime direcdy to the person owed payment. Borrower shall prompdy fumish to Lender all norices of amoonts to be paid under �,=-.
<br /> : this para�raph. If Borrower makes these payments directly,Borrower shall promptly furnish to Lender receip�.s evidencing �:_`-
<br /> the payments. �.�
<br /> � Borrower shall promptly discharge any lien which has prioriry over this Securiry Instrument unless Horrower:(n)agrees -f
<br />'�; • ' in writing to the payment of the obligation secured by the lien in a munner acceptable to Lender;(b)contests in good fa;th che
<br />-i • j lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to prevent the
<br /> ; enforcement of the lien;or(c)secures from the holder of the lien an agceement sadsfuctory to Lender subordinnting die lien
<br />_� to this Secucity Instrument. If Lender detecmines that any part of the Property is subject to a lien which may attain priority . .
<br />" . over this Security Inswment,Lender may give Soaower a notice identifying the lien. Borrower shall sutisfy the lien or k�lce
<br /> r one or mnre of the actions set forth above within 10 days of the giving of notice.
<br /> � 5. Hazerd or Property Insuranr.e. Borrower shall keep chc improvements now existing or hereaftcr erectcd on the
<br /> ' „ properry insured against loss by fire,hacar.ds included within the tenn"extended coverage"and any other h�.zards,including
<br /> t' floods or flooding, fo: which Lender rcquires insurance. This insurance shall be maintaitted in the amounts and for die
<br /> ,,.'{ .; , .,
<br /> ,. • Form 3025 9I90 (PaBe 2 oj6 pogesl .
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